By Brendan Conway

This afternoon, Reuters’ Jessica Toonkel reports that the Financial Industry Regulatory Authority, or FINRA, is looking into the same product as well as the marketing of exchange-traded notes more generally. The Bay State’s William Galvin submitted a request on March 23 to Credit Suisse (CS) for documents “related to every purchase of TVIX shares from Feb. 20 to March 23,” Kiernan reported. There is also an inquiry over what time Credit Suisse filed its media release, according to the article.

A FINRA spokeswoman told Reuters that there is an investigation into TVIX’s trading, but that the inquiry is broader than a single product: “We have a review underway looking at a host of issues relating to ETNs and other complex products.”

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There are 9 comments

MARCH 29, 2012 5:51 P.M.

aaa wrote:

ALL THE TRADES on TVIX after February 20 should be cancelled. Credit Suisse should pay for all the looses!

MARCH 29, 2012 7:16 P.M.

JenJen wrote:

ALL THE TRADES on TVIX after February 20 should be cancelled. Credit Suisse should pay for all the looses!
.

+1

MARCH 29, 2012 8:09 P.M.

KayJun wrote:

The quote indicates they will look into purchases. Better to look into the sales, including short sales. Some knew exactly what was going to happen and when.

MARCH 29, 2012 8:44 P.M.

James wrote:

Do you think they will halt TVIX?

MARCH 29, 2012 9:08 P.M.

woew! wrote:

what now? will it crash

MARCH 29, 2012 9:11 P.M.

BOT@13 wrote:

I bought much higher than today`s price but early this month. What are my hopes now?

MARCH 29, 2012 9:11 P.M.

BOT@13 wrote:

I bought much higher than today`s price but early this month. What are my hopes now?

MARCH 29, 2012 9:11 P.M.

BOT@13 wrote:

I bought much higher than today`s price but early this month. What are my hopes now?

APRIL 1, 2012 4:49 A.M.

ML wrote:

Credit Suisse should be held responsible for the disaster of TVIX. Small investors need to be proected from firms like this, which bring to mind the news from Goldman Sachs, of the firm purposely preying on small investors for their own profit. I would like to see Credit Suisse pay out the losses to all the small investors that believed in them.

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Chris Dieterich has covered the U.S. stock market for The Wall Street Journal and Dow Jones Newswires. He is a graduate of Regis University and the Missouri School of Journalism.